Effective: April 14, 2006 Latest Legislation: House Bill 81 – 126th General Assembly As used in this chapter: (A) “Retail installment sale” includes every retail installment contract to sell specific goods, every consumer transaction in which the cash price may be paid in installments over a period of time, and every retail sale of specific […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Every retail installment sale shall be evidenced by an instrument in writing. A copy of said instrument shall be delivered to the retail buyer by the retail seller at the time of its execution. An acknowledgment of the delivery thereof contained in […]
Effective: July 1, 1962 Latest Legislation: Senate Bill 5 – 104th General Assembly A retail seller may require a retail buyer to execute and deliver a promissory note to evidence the indebtedness created by a retail installment sale, and, to secure the payment of the indebtedness created by the sale or evidenced by the promissory […]
Effective: August 19, 1994 Latest Legislation: Senate Bill 147 – 120th General Assembly Notwithstanding section 1303.35 of the Revised Code, a buyer who executes a purchase money loan installment note or a retail installment contract in connection with a consumer transaction may assert against any holder, assignee, or transferee of the note or contract, specifically […]
Effective: August 8, 1980 Latest Legislation: House Bill 272 – 113th General Assembly (A) A buyer who is entitled to assert in an action in connection with a consumer transaction any of the following defenses against the seller of goods or services that are obtained pursuant to a purchase money loan installment note or retail […]
Effective: January 1, 2021 Latest Legislation: House Bill 339 – 133rd General Assembly The written instrument evidencing a retail installment sale and required by section 1317.02 of the Revised Code shall recite the following: (A) The cash price of the specific goods. (B) The amount in cash of the retail buyer’s down payment, if any, […]
Effective: January 1, 2021 Latest Legislation: House Bill 339 – 133rd General Assembly (A) Any retail seller who, in any retail installment contract, has agreed to purchase insurance for the retail buyer and to extend credit for the price thereof, excluding single interest insurance, shall, prior to the due date of the first installment of […]
Effective: March 31, 1980 Latest Legislation: House Bill 708 – 113th General Assembly (A) A retail seller at the time of making any retail installment sale may charge and contract for the payment of a finance charge by the retail buyer and collect and receive the same, which shall not exceed the greater of the […]
Effective: February 11, 1982 Latest Legislation: House Bill 526 – 114th General Assembly As an alternative to the finance charges permitted in division (A) of section 1317.06 of the Revised Code or the interest permitted in division (B) of that section, and to the finance charges permitted in division (B) of section 1317.11 of the […]
Effective: September 27, 1996 Latest Legislation: House Bill 538 – 121st General Assembly (A)(1) As an alternative to the delinquent charges permitted in division (B) of section 1317.06 and division (B) of section 1317.11 of the Revised Code, a retail seller or holder may contract for and receive delinquent charges in any amount agreed upon […]
Effective: June 30, 2021 Latest Legislation: House Bill 74 – 134th General Assembly No retail installment contract authorized by section 1317.03 of the Revised Code that is executed in connection with any retail installment sale shall evidence any indebtedness in excess of the time balance fixed in the written instrument in compliance with section 1317.04 […]
Effective: April 4, 1973 Latest Legislation: House Bill 350 – 109th General Assembly No retail seller, in connection with a retail installment contract arising out of a consumer transaction, shall take any security interest other than as authorized by this section. A seller may take a security interest in the property sold, and in goods […]
Effective: February 19, 2002 Latest Legislation: House Bill 229 – 124th General Assembly (A)(1) No retail installment contract that evidences an indebtedness greater than that allowed under sections 1317.06, 1317.061, 1317.062, and 1317.07 of the Revised Code, and no retail installment contract in connection with which any charge prohibited by sections 1317.01 to 1317.11 of […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Notwithstanding any retail installment contract to the contrary, any retail buyer may satisfy in full at any time before maturity the debt of any retail installment contract and in so satisfying such debt shall receive a refund credit thereon for such anticipation […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly No agreement of any retail buyer made prior to or concurrent with the execution of any retail installment contract is a waiver of sections 1317.01 to 1317.11, inclusive, of the Revised Code.
Effective: July 7, 1986 Latest Legislation: House Bill 573 – 116th General Assembly Sections 1317.01 to 1317.10 of the Revised Code do not apply to any sale or to any contract to sell made prior to August 10, 1949, which, if made after that date, would be a retail installment sale or contract and said […]
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly Notwithstanding any agreement to the contrary in a retail installment contract made on or after the effective date of this section, if collateral for a consumer transaction is taken possession of by the secured party on default, the secured party shall, within […]
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly As used in this section, “motor vehicle” and “mobile home” have the same meanings as in section 4501.01 of the Revised Code, and “manufactured home” has the same meaning as in section 3781.06 of the Revised Code. Notwithstanding the provisions of section […]
Effective: August 8, 1980 Latest Legislation: House Bill 272 – 113th General Assembly Any provision in a retail installment contract or in any other agreement that is executed on or after August 1, 1980, by which a buyer in connection with a consumer transaction agrees not to assert any defenses against a seller, or the […]
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly (A) A secured party whose security interest is taken pursuant to section 1317.071 of the Revised Code may, after default, dispose of any or all of the collateral only as authorized by this section. (B) Disposition of the collateral shall be by […]
